March 2026 Options Now Available For Aon

Aon (AON) is being highlighted for options strategies: a $330 put is bid at $6.00, which nets a $324 per-share cost basis if sold-to-open (about a 6% discount to the $349.51 stock price) and carries a 72% probability of expiring worthless per current Greeks, implying a 1.82% return on cash committed (6.77% annualized) if it does; alternatively, selling a $360 covered call (bid $10.10) against shares bought at $349.51 would cap upside at $360 but deliver a 5.89% total return if called at the March 2026 expiry, with a 56% chance to expire worthless and a 2.89% premium boost (10.77% annualized) if it does. Implied volatilities are 24% for the put and 22% for the call versus a 12-month realized volatility of 22%, and Stock Options Channel notes it will track and publish the evolving odds and option contract charts.

Analysis

The piece highlights two income-oriented option strategies on Aon (AON), anchored to the current share price of $349.51. Selling the $330 put at a $6.00 bid nets an effective cost basis of $324.00 and represents an approximate 6% down-side entry; the article-cited greeks put the probability of that put expiring worthless at 72%, implying a 1.82% return on cash at risk (6.77% annualized YieldBoost) if the contract expires worthless.

On the call side, selling the $360 covered call against shares bought at $349.51 at a $10.10 bid would cap proceeds at $360 and deliver a 5.89% total return if assigned at the March 2026 expiry; current analytics estimate a 56% chance that the call expires worthless, producing a 2.89% premium boost (10.77% annualized). Implied volatilities are 24% for the put and 22% for the call versus a trailing-12-month realized volatility of 22%, so premium is broadly in line with recent realized movement.

Key practical considerations are assignment risk on the put, forgone upside on the covered call, broker commissions and margin requirements, and that the quoted probabilities are model-driven and will change over time; Stock Options Channel will track those evolving odds and contract histories on its site.

Key Decisions for Investors

• Consider selling the $330 put only if you are willing to own AON at an effective $324 per share and size the position to absorb assignment and margin requirements
• Use the $360 covered-call to generate income if you are comfortable capping upside at roughly a 3% premium to today’s price; treat the trade as income-oriented rather than growth exposure
• Account for commissions, potential early assignment and the long-dated March 2026 horizon when sizing positions, and avoid overallocating based solely on the published model odds
• Monitor implied versus realized volatility and the Stock Options Channel probability charts over time; if IV rises above realized materially, consider selling additional premium or trimming exposure